An ECB Press Conference, a CPI quarter over quarter report from Australia, and an advance GDP quarter over quarter report from USA are just some of the many significant events that next week promises to bring. Take a look at the full list of events below to give yourself enough time to adjust your trading strategy accordingly.
Netflix’s underwhelming subscriber report for Q2 shocked investors
Company stock fell by 13% almost immediately following the news
CEO Reed Hastings expressed positive outlook despite rising rivals
125 million subscribers worldwide. Isn’t that more than enough for a video streaming platform to be considered successful?
Well, not when you are running an ambitious company such as Netflix, and especially not when you severely underdeliver on your subscriber growth forecast and leave your investors feeling confused and with a bitter taste in their mouths.
Last Thursday, the Trump administration introduced a list of 10 percent tariffs on $200 billion in Chinese goods. It was also last Thursday, however, when Fed’s Powell gave a reassuring interview, stating that the US economy is still standing tall despite the inhospitable political climate. Here is what he had to say on the matter.
The upcoming World Cup final between France and Croatia has everyone biting their toes. Still, traders and investors are advised to keep tabs on the market as next week promises a GDP q/y report from China, a m/m sales report from the UK, a Monetary Policy Meeting Minutes event from Australia, and more.
Last Friday marked the day when Trump’s administration imposed 25% tariffs on $34 million worth of Chinese exports to the US. Outraged by this decision, the country was quick to retaliate by dubbing Trump’s move as “the largest trade war in economic history” and promised reciprocal trade restrictions on US goods in the very near future.
If you are itching to put your trading skills to good use, you will be happy to learn next week’s events will be in no short supply. Upcoming are a detailed rate statement from the Bank of Canada, a speech by gov. Carney, a m/m CPI report from the US and a m/m GDP report from the UK, and much more.